Element5
Intelligent post-acute workflow automation
San Jose, United States · Founded 2019 · $47.5M raised
- Headquarters
- San Jose, California
- Employees
- 51–200
- Founded
- 2019
- Business Model
- B2B
- Website
- e5.ai
- Total Funding
- $47.5M
- Last Round
- $30.0M Series BMay 2022
- Rounds
- 3
About
Element5 is an Automation-as-a-Service platform founded in 2019 that uses AI-powered robotic process automation (RPA) to eliminate administrative burden in post-acute care organizations including home health, hospice, and personal care agencies. The platform deploys pre-built and customizable AI agents that automate end-to-end revenue cycle management workflows including patient referral and intake, eligibility and benefit verification, prior authorizations, claims processing, denials management, remittance and collections, audits and compliance, and OASIS/HOPE submissions to iQIES. Element5's agentic architecture connects to and acts across EHR systems, payer portals, and proprietary internal systems, with a human-in-the-loop application for exception handling and full audit trails for compliance. The platform is SOC 2 Type II and HIPAA certified and operates at scale, processing over 121,000 transactions per day across 727 automated workflows. Element5 is backed by Insight Partners and has achieved up to 82% labor burden reduction for its customers. The company is headquartered in San Jose, California.
Summary
Element5 is an Artificial Intelligence company based in San Jose, United States, founded in 2019. It has raised $47.5M in total across 3 rounds, most recently a $30.0M Series B round in May 2022. Investors include Insight Partners.
Tech & App Stack
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Funding History
May 2022
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
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